A Form 4 filed on September 3, 2026 reports that Charles Kane, a director of Symbotic Inc. (NASDAQ:SYM), sold 2,000 shares of Class A Common Stock on September 1, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Sale transaction: Charles Kane disposed of 2,000 shares of Class A Common Stock at $39 per share on September 1, 2026.
  • Post-transaction holdings: Kane directly holds 89,852 shares of Class A Common Stock following the reported sale.
  • Redemption event: Kane redeemed 2,000 Symbotic Holdings Units in exchange for 2,000 shares of Class A Common Stock on September 1, 2026, which were then sold.
  • Class V-1 cancellation: In connection with the redemption, 2,000 shares of Class V-1 Common Stock were canceled and retired for no consideration.
  • Trading plan: The sale was executed pursuant to a trading plan entered into on December 8, 2025, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
  • Remaining derivative holdings: Kane beneficially owns 583,353 Symbotic Holdings Units directly following the reported transactions.

Kane's Redemption and Sale of Symbotic Shares Under 10b5-1 Plan

According to the filing, Charles Kane, identified as a director of Symbotic Inc., executed a series of linked transactions on September 1, 2026. Kane redeemed 2,000 Symbotic Holdings Units, each paired with one share of Class V-1 Common Stock, in exchange for an equal number of shares of Class A Common Stock. The filing explains that Symbotic Holdings Units are redeemable on a one-for-one basis for Class A Common Stock, subject to conversion rate adjustments and other conditions set forth in Symbotic Holdings' Second Amended and Restated Limited Liability Company Agreement, dated June 7, 2022. Upon the redemption, the filing states, Symbotic Holdings canceled the units and the issuer canceled and retired the 2,000 paired Class V-1 shares for no consideration.

Immediately following the redemption, Kane sold the 2,000 newly acquired Class A shares at $39 per share, according to the filing. Both the redemption and the sale were carried out under a trading plan Kane entered into on December 8, 2025, in accordance with Rule 10b5-1. The filing notes the form was checked to indicate the transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

After these transactions, the filing reports Kane directly holds 89,852 shares of Class A Common Stock and 583,353 Symbotic Holdings Units. Kane's remaining Class V-1 Common Stock position is also reported at 583,353 shares directly held. The filing was signed by Corey Dufresne as attorney-in-fact for Charles Kane on September 3, 2026.

What Was Disclosed

The filing discloses that Symbotic director Charles Kane redeemed 2,000 Symbotic Holdings Units for Class A shares and sold those shares at $39 each on September 1, 2026, under a pre-established Rule 10b5-1 trading plan, leaving him with 89,852 Class A shares directly held.